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Side-by-side financial comparison of ATLANTIC AMERICAN CORP (AAME) and GRID DYNAMICS HOLDINGS, INC. (GDYN). Click either name above to swap in a different company.

GRID DYNAMICS HOLDINGS, INC. is the larger business by last-quarter revenue ($104.1M vs $53.8M, roughly 1.9× ATLANTIC AMERICAN CORP). ATLANTIC AMERICAN CORP runs the higher net margin — 1.1% vs -1.4%, a 2.5% gap on every dollar of revenue. On growth, ATLANTIC AMERICAN CORP posted the faster year-over-year revenue change (20.8% vs 3.7%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% CAGR vs 7.2%).

The Atlantic Telegraph Company was a company formed on 6 November 1856 to undertake and exploit a commercial telegraph cable across the Atlantic Ocean, the first such telecommunications link.

Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.

AAME vs GDYN — Head-to-Head

Bigger by revenue
GDYN
GDYN
1.9× larger
GDYN
$104.1M
$53.8M
AAME
Growing faster (revenue YoY)
AAME
AAME
+17.1% gap
AAME
20.8%
3.7%
GDYN
Higher net margin
AAME
AAME
2.5% more per $
AAME
1.1%
-1.4%
GDYN
Faster 2-yr revenue CAGR
GDYN
GDYN
Annualised
GDYN
12.0%
7.2%
AAME

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
AAME
AAME
GDYN
GDYN
Revenue
$53.8M
$104.1M
Net Profit
$577.0K
$-1.5M
Gross Margin
34.8%
Operating Margin
1.4%
61.7%
Net Margin
1.1%
-1.4%
Revenue YoY
20.8%
3.7%
Net Profit YoY
128.9%
-150.6%
EPS (diluted)
$0.02
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAME
AAME
GDYN
GDYN
Q1 26
$104.1M
Q4 25
$106.2M
Q3 25
$53.8M
$104.2M
Q2 25
$55.3M
$101.1M
Q1 25
$50.1M
$100.4M
Q4 24
$49.0M
$100.3M
Q3 24
$44.5M
$87.4M
Q2 24
$47.7M
$83.0M
Net Profit
AAME
AAME
GDYN
GDYN
Q1 26
$-1.5M
Q4 25
$306.0K
Q3 25
$577.0K
$1.2M
Q2 25
$3.3M
$5.3M
Q1 25
$802.0K
$2.9M
Q4 24
$412.0K
$4.5M
Q3 24
$-2.0M
$4.3M
Q2 24
$-684.0K
$-817.0K
Gross Margin
AAME
AAME
GDYN
GDYN
Q1 26
34.8%
Q4 25
34.0%
Q3 25
33.3%
Q2 25
34.1%
Q1 25
36.8%
Q4 24
36.9%
Q3 24
37.4%
Q2 24
35.6%
Operating Margin
AAME
AAME
GDYN
GDYN
Q1 26
61.7%
Q4 25
0.5%
Q3 25
1.4%
-0.2%
Q2 25
7.6%
-0.1%
Q1 25
2.1%
-2.0%
Q4 24
1.1%
1.3%
Q3 24
-5.5%
2.4%
Q2 24
-1.8%
0.0%
Net Margin
AAME
AAME
GDYN
GDYN
Q1 26
-1.4%
Q4 25
0.3%
Q3 25
1.1%
1.1%
Q2 25
6.0%
5.2%
Q1 25
1.6%
2.9%
Q4 24
0.8%
4.5%
Q3 24
-4.5%
4.9%
Q2 24
-1.4%
-1.0%
EPS (diluted)
AAME
AAME
GDYN
GDYN
Q1 26
$-0.02
Q4 25
$0.01
Q3 25
$0.02
$0.01
Q2 25
$0.15
$0.06
Q1 25
$0.03
$0.03
Q4 24
$0.01
$0.06
Q3 24
$-0.10
$0.05
Q2 24
$-0.04
$-0.01

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAME
AAME
GDYN
GDYN
Cash + ST InvestmentsLiquidity on hand
$34.4M
$327.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$109.5M
$530.1M
Total Assets
$430.9M
$605.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAME
AAME
GDYN
GDYN
Q1 26
$327.5M
Q4 25
$342.1M
Q3 25
$34.4M
$338.6M
Q2 25
$46.4M
$336.8M
Q1 25
$35.9M
$325.5M
Q4 24
$35.6M
$334.7M
Q3 24
$23.0M
$231.3M
Q2 24
$21.2M
$256.0M
Stockholders' Equity
AAME
AAME
GDYN
GDYN
Q1 26
$530.1M
Q4 25
$542.1M
Q3 25
$109.5M
$537.7M
Q2 25
$106.2M
$532.2M
Q1 25
$102.4M
$517.4M
Q4 24
$99.6M
$517.8M
Q3 24
$105.8M
$400.2M
Q2 24
$100.7M
$388.4M
Total Assets
AAME
AAME
GDYN
GDYN
Q1 26
$605.0M
Q4 25
$612.9M
Q3 25
$430.9M
$613.2M
Q2 25
$429.3M
$608.9M
Q1 25
$388.4M
$590.9M
Q4 24
$393.4M
$592.2M
Q3 24
$387.0M
$477.3M
Q2 24
$386.0M
$443.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAME
AAME
GDYN
GDYN
Operating Cash FlowLast quarter
$6.6M
Free Cash FlowOCF − Capex
$6.6M
FCF MarginFCF / Revenue
12.3%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
11.51×
TTM Free Cash FlowTrailing 4 quarters
$19.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAME
AAME
GDYN
GDYN
Q1 26
Q4 25
$9.9M
Q3 25
$6.6M
$7.0M
Q2 25
$9.3M
$14.4M
Q1 25
$-722.0K
$9.4M
Q4 24
$4.8M
$7.1M
Q3 24
$90.0K
$9.2M
Q2 24
$416.0K
$10.7M
Free Cash Flow
AAME
AAME
GDYN
GDYN
Q1 26
Q4 25
$6.1M
Q3 25
$6.6M
$2.9M
Q2 25
$9.1M
$10.2M
Q1 25
$-986.0K
$6.0M
Q4 24
$4.6M
$4.4M
Q3 24
$58.0K
$5.9M
Q2 24
$361.0K
$8.0M
FCF Margin
AAME
AAME
GDYN
GDYN
Q1 26
Q4 25
5.7%
Q3 25
12.3%
2.8%
Q2 25
16.5%
10.1%
Q1 25
-2.0%
6.0%
Q4 24
9.3%
4.4%
Q3 24
0.1%
6.8%
Q2 24
0.8%
9.7%
Capex Intensity
AAME
AAME
GDYN
GDYN
Q1 26
Q4 25
3.6%
Q3 25
0.1%
3.9%
Q2 25
0.3%
4.1%
Q1 25
0.5%
3.3%
Q4 24
0.5%
2.6%
Q3 24
0.1%
3.7%
Q2 24
0.1%
3.2%
Cash Conversion
AAME
AAME
GDYN
GDYN
Q1 26
Q4 25
32.34×
Q3 25
11.51×
5.92×
Q2 25
2.80×
2.73×
Q1 25
-0.90×
3.21×
Q4 24
11.65×
1.56×
Q3 24
2.15×
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAME
AAME

Bankers Fidelity$30.0M56%
American Southern$23.7M44%

GDYN
GDYN

Segment breakdown not available.

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